IURA Neighborhood Investment Committee

In-Person Hybrid Meetings: The IURA no longer conducts Public Meetings exclusively remotely. Meetings must be conducted in person, complying with NYS Open Meeting Law (OML), which applies to all IURA Board and Committees. Members of the public who would like to deliver VERBAL comments at a meeting (3-min. max.) are strongly encouraged to do so using the Zoom link 108 E. Green St. and log-on credentials listed on the agenda, although they are welcome to do so in person at City Hall. WRITTEN public Ithaca, NY 14850 comments may be submitted before the meeting, using the instructions listed on the agenda. Pls. refer to the IURA Public In- (607) 274-6565 Person/Hybrid Meetings Policy for more detailed information and further instructions. LIVE-STREAM VIDEO: A non-interactive YouTube live-stream of the meeting can also be viewed at: https://www.youtube.com/channel/UC7RtJN1P_RFaFW2IVCnTrDg. Because of a slight delay in launching the live-stream, the video may begin a few minutes before the meeting is formally convened. AGENDA IURA Neighborhood Investment Committee (NIC) 8:30 a.m., Thursday*, February 9, 2023 (public, staff, & presenters may join remotely) Common Council Chambers (Third Floor) │ 108 E. Green St. │ Ithaca, NY 14850 Join Zoom Meeting: https://us02web.zoom.us/j/86544854910?pwd=S1FEVkZlWlVWS2tGRlFSdHdKMWk0QT09 Meeting ID: 865 4485 4910 Passcode: J9pfY3 One Tap Mobile: +16465588656,,86544854910#,,,,*866821# US (New York) Dial By Your Location: +1 646 558 8656 US (New York) Meeting ID: 865 4485 4910 Phone Passcode: 866821 I. Call to Order PUBLIC COMMENTS II. Changes/Additions to Agenda WRITTEN public comments may be e-mailed until 3:00 p.m., the day before the meeting to: amendizabal@cityofithaca.org. Members of the public who would prefer to deliver VERBAL comments at the meeting (3-min. max.) III. Public Comments (if any) should either appear in person or use above Zoom link and log-in credentials (for video) or dial-in number and log-in credentials (for IV. Review of Minutes: telephone). November 2022, January 12 & 19,2023 (TBD) V. New Business A. Discussion Item: Review 2023 Applications (Part 1) to City HUD Entitlement Program 1. Economic Development 2. Public Facilities 3. Public Services (time permitting) VI. Other Business A. IURA Grants Summary B. Staff Report C. Reminder: Special NIC Meeting - Review 2023 Applications (Part 2): Thurs., Feb. 16, 2023 at 8:30 am VII. Motion to Adjourn * Please note the Committee’s new standing monthly meeting schedule: 2nd Thursday of every month (not including occasional special meetings). If you have a disability and require specific accommodation in order to fully participate, please contact the CITY OF ITHACA CLERK’S OFFICE at 274-6570 or clerk@cityofithaca.org at least 72 hours prior to the meeting.  2023 HUD Entitlement Program (City of Ithaca, NY) ― Funding Proposals Received (grey boxes = not eligible under that column/program) Last Updated: 2/1/23 ANTICIPATED AVAILABLE FUNDING Funding Matching Funds Total Project 2023 # Project Sponsor Request (Sec. & Unsec.) Cost CDBG 2023 CDBG CDBG (R/U) HOME 2023 HOME HOME (R/U) TOTAL Project Summary Description CDBG PI $631,333.20 $616,000 $15,333.20 $315,124.00 $304,000 $11,124.00 $140,000 $1,086,457.20 HOUSING Ithaca Neighborhood Housing Funding towards professional fees for construction of 55 affordable housing units targeted to households between 30%-100% Area Median Income (AMI), 1 The Beacon Services, Inc. (INHS) $ 199,900.00 $ 22,748,683.00 $ 22,948,583.00 $ - including 9 households exiting homelessness with a member impacted by a Substance Use Disorder. Ithaca Neighborhood Housing Funding towards construction (labor & materials), professional fees, recording fees, and permit fees to assist at least 8 LMI homeowners with maintenance 2 Homeowner Rehab Services, Inc. (INHS) $ 195,000.00 $ 92,583.75 $ 287,583.75 $ - and rehabilitation projects that improve condition, performance, accessibility, and safety of their homes. Ithaca Neighborhood Housing Funding towards salary/benefits to provide at least 40 LMI homeowners with maintenance and repairs focused on health/safety issues, accessibility, and 3 Minor Repair Program Services, Inc. (INHS) $ 40,000.00 $ 126,900.00 $ 166,900.00 $ - providing links to other programs and services. Ithaca Neighborhood Housing Funding towards construction costs to build 2 new permanently affordable for-sale Community Housing Trust homes at 117 & 119 Sears St., as part of a four- 4 CHT Sears Street Development Services, Inc. (INHS) $ 100,000.00 $ 1,708,744.00 $ 1,808,744.00 $ - unit development, targeted to first-time homebuyers earning less than 80% Area Median Income. Funding for construction materials, sub-contractors (e.g., roofers, drywall finishers), and professional services, to deconstruct/rebuild 312 S. Plain St. to 5 312 S. Plain St. Duplex Habitat for Humanity $ 95,000.00 $ 287,500.00 $ 382,500.00 $ - create 2 owner-occupied affordable housing units for first-time homebuyers, with incomes of 30-60% Area Median Income (AMI). Tenant-Based Rental Assistance (TBRA) funding towards rent/utilities for 6 unaccompanied LMI homeless youth, residing in supported apartments to 6 Housing Scholarship Program The Learning Web, Inc. $ 91,800.00 $ 81,100.00 $ 172,900.00 $ - maintain stable housing while learning skills and behaviors to develop self-sufficiency. Security Deposit Assistance for Catholic Charities of Funding towards security deposits for 25 LMI households (incl. elderly, disabled, single parents) at risk of homelessness to access safe/stable housing and 7 Vulnerable Households Tompkins/Tioga Counties $ 37,500.00 $ 20,304.00 $ 57,804.00 $ - avoid/end homelessness, including 5 deposits for homeless families/children in Housing for School Success program. SJCS Sober Living Reintegration St. John's Community Funding towards construction of a Reintegration Services facility (Halfway House) at 402 S. Albany St. to support 14 chemically dependent, homeless 8 Services Services $ 106,000.00 $ 252,000.00 $ 871,800.00 $ - individuals in Tompkins County. Village at Ithaca Capital Project Funding towards construction of a transitional and/or affordable housing facility at 401 W. Seneca St. for four LMI youth/young adults who lack housing 9 Expansion: Housing Component Village at Ithaca $ 199,000.00 $ 651,000.00 $ 850,000.00 $ - security. HOUSING SUBTOTAL: $ 1,064,200.00 $ 25,968,814.75 $ 27,546,814.75 $ - $ - $ - $ - $ - $ - $ - $ - ECONOMIC DEVELOPMENT Building Quality Career Paths Funding towards staff wages/benefits, participant stipends, and work gear for job training for LMI populations (including the unemployed, disabled, formerly 10 Through ReUse Finger Lakes ReUse, Inc. $ 116,599.70 $ 149,285.56 $ 265,885.26 $ - incarcerated, youth, and individuals in recovery), and placement of at least 15 LMI adults with employment barriers into permanent unsubsidized positions. Work Preserve Job Training: Job Funding for staff salaries leading to job placements of 6 LMI individuals (e.g., youth, adults, homeless, formerly incarcerated, people with disabilities/mental 11 Placements Historic Ithaca, Inc. $ 67,500.00 $ 144,966.00 $ 215,466.00 $ - illness, people with barriers to employment, new entrants to workforce), following job-readiness training. Hospitality Employment Training Greater Ithaca Activities Staff, supplies, stipends, and professional fees to train 20 and place 14 LMI adults with employment barriers (e.g., people with disabilities, formerly 12 Program (HETP) Center, Inc. (GIAC) $ 70,000.00 $ 102,940.00 $ 172,940.00 $ - incarcerated, homeless, recovering addicts, immigrants, single parents) into hospitality and office/administrative positions. Shared Kitchen Ithaca (SKI): Food Friends of Ithaca Farmers Funding towards (1) staff salary for 24-hour direct business technical assistance for each of 10 LMI micro-enterprises and (2) 50% rent subsidy for use of 13 Product Micro-Enterprise Market $ 47,800.00 $ 32,500.00 $ 80,300.00 $ - licensed shared commercial kitchen at 700 W. Buffalo St. for 260 hours (5 hrs./wk. average utilization). Development Funding towards salaries/stipends, materials, protective gear, certifications, and paperwork to provide 3-5 LMI youth, formerly-incarcerated, and BIPOC 14 BHU Pre-Apprenticeship Program Black Hands Universal $ 70,000.00 $ 50,000.00 $ 120,000.00 $ - individuals with hands-on training in different trades and skilled-labor fields, giving them basic skills necessary to obtain jobs with local trades/unions, City of Ithaca. Tompkins Co., and the private sector. Economic Development Loan [#] Fund IURA $ - $ - $ - $ - Capitalize loan fund for business loans resulting in job creation (including underwriting and delivery). ECONOMIC DEVELOPMENT SUBTOTAL: $ 371,899.70 $ 479,691.56 $ 854,591.26 $ - $ - $ - $ - $ - $ - $ - $ - PUBLIC FACILITIES/INFRASTRUCTURE 200 Cecil A. Malone Dr. Sidewalk Funding to construct shovel-ready project for installation of ADA curb ramps, curbing, new sidewalks, and cross-walks, benefiting pedestrians, especially LMI 15 Fill-In City of Ithaca $ 180,000.00 $ - $ 180,000.00 $ - populations and persons needing ADA accessible walk-ways. PUBLIC FACILITIES SUBTOTAL: $ 180,000.00 $ - $ 180,000.00 $ - $ - $ - $ - $ - $ - $ - $ - PUBLIC SERVICES Public Services Funding Cap = 15% of 2021 CDBG Award: $92,400 2-1-1 Information & Referral Human Services Coalition of Staff salaries/fringe to provide sufficient contact center coverage to meet community needs and for enhanced housing navigation services, benefiting at least 16 Helpline with Housing Navigation Tompkins County, Inc. (HSC) $ 55,000.00 $ 131,210.00 $ 470,731.00 $ - 3,375 LMI persons. Work Preserve Job Training: Job Funding for staff salaries to provide 20 LMI youth and adults with job-readiness training, workplace evaluations, and support in transitioning to other services 17 Readiness Historic Ithaca, Inc. $ 23,000.00 (same as #11 above) (same as #11 above) $ - or employment. Catholic Charities of 18 Immigrant Services Program (ISP) Tompkins/Tioga Counties $ 40,000.00 $ 50,000.00 $ 90,000.00 $ - Funding towards staffing to provide 120 refugees and immigrants with direct services and referrals so they can integrate into the community. A Place to Stay: Follow-Up Catholic Charities of Funding towards case-management evening/weekend staffing costs to support 10 LMI adult women, who are homeless or facing homelessness, and more 19 Support for Women Gaining Tompkins/Tioga Counties $ 20,000.00 $ 86,224.00 $ 106,224.00 $ - than half of whom will be working through substance abuse recovery, as they transition to independent living. Stability Women's Empowerment Services Funding for training, staff stipends, bus passes, emergency hotel rooms, self-help training, food, supplies, and clothing to support 25-35 LMI women who 20 & Training WEST OAR of Tompkins County $ 44,000.00 $ 61,640.00 $ 105,640.00 $ - have been systems-involved, homeless, or struggling with substance use or sex trafficking. PUBLIC SERVICES SUBTOTAL: $ 182,000.00 $ 329,074.00 $ 772,595.00 $ - $ - $ - $ - $ - $ - $ - $ - ADMINISTRATION 21 CDBG Administration (20%) IURA $ 123,200.00 $ - $ 123,200.00 $ 123,200.00 $ 123,200.00 $ 123,200.00 Planning, administration, and monitoring for CDBG program. 22 HOME Administration (10%) IURA $ 30,400.00 $ - $ 30,400.00 $ 30,400 $ 30,400.00 $ 30,400.00 Planning, administration, and monitoring for HOME program. ADMINISTRATION SUBTOTAL: $ 153,600.00 $ - $ 153,600.00 $ 123,200.00 $ 123,200.00 $ - $ 30,400.00 $ 30,400.00 $ - $ - $ 153,600.00 R/U = Recaptured/Unallocated (from prior years) │ LMI = Low & Moderate Income (80% or less of AMI) │ AMI = Area Median Income (Tompkins County) TOTALS: $ 1,951,699.70 $ 26,777,580.31 $29,507,601.01 $123,200.00 $123,200.00 $0.00 $30,400.00 $30,400.00 $0.00 $0.00 $ 153,600.00 │ FTE = Full-Time Equivalent │ PI = Program Income Minimum Required Set-Aside of HOME Funds for CHDO Activities (15%): $45,600.00 *CHDO Set-Aside Eligible Projects: 2  IURA Grants Summary December 2022 ON TOTAL TOTAL SCHEDULE HUD ENTITLEMENT ACTIVITIES SPONSOR BUDGET UNEXPENDED % SPENT 2019 CDBG Activities complete 1.0 Homeowner Rehab7 INHS 67,594.32 0.00 100% complete 2.0 Small Repair Program INHS 32,500.00 0.00 100% complete 6.0 Finger LakesReUse Job Skills Training Finger Lakes ReUse, Inc. 95,529.00 0.00 100% complete 7.0 Work Preserve Job Training Historic Ithaca 67,500.00 0.00 100% ok 8.0 Hospitality Employment Training Program GIAC 110,725.28 1,182.28 99% complete 9.0 Ithaca ReUse Center Acquisition Finger Lakes ReUse, Inc. 100,000.00 0.00 100% complete 10.0 Economic Development Loan Fund IURA 107,396.99 0.00 100% complete 11.0 Black Girl Alchemists Public Art Mosaic22 CAP 7,384.53 0.00 100% complete 12.0 Housing For School Success Beverly J. Martin Elem 15,700.00 0.00 100% complete 13.0 2‐1‐1 Human Services Coalition 15,000.00 0.00 100% complete 14.0 Work Preserve: Job Readiness9 Historic Ithaca 20,000.00 0.00 100% complete 15.0 A Place To Stay Catholic Charities 20,000.00 0.00 100% complete 16.0 Immigrant Services Catholic Charities 25,059.00 0.00 100% complete 17.0 CDBG Admin IURA 137,679.40 0.00 100% 2019 CDBG Unallocated9, 6, 7, 22 IURA 115.47 115.47 N/A Total 822,183.99 1,297.75 100% 2019 HOME Activities complete 1.0 Homeowner Rehab17 INHS 42,151.58 0.00 100% ok 3.0 Founders Way Rental INHS 199,900.00 1,000.00 99% complete 4.0 Housing Scholarship Program The Learning Web 70,560.00 0.00 100% ok 5.0 Security Deposit Assistance‐Vulnerable Households3, 11, 18 Catholic Charities 64,000.00 60.70 99.9% complete 18.0 HOME Admin IURA 30,597.20 0.00 100% complete Home Admin (PI)10 IURA 849.10 0.00 100% 2019 HOME Unallocated3, 11, 17, 18 17,237.90 0.00 N/A Total 425,295.78 1,060.70 100% 2019 CDBG‐CV Activities ok 10.0 CD‐RLF #46: COVID‐19 Emergency SBRF AFCU 140,000.00 13,645.56 90% 22 complete 19.0 Emergency Rental Assistance Program INHS 189,525.00 0.00 100% ok 20.0 CDBG‐CV Admin IURA 153,892.20 44,614.06 71% complete 21.0 Laundry & Internet Needs During COVID‐19 OAR of Tompkins County 11,000.00 0.00 100% Child Development Council of Central ok 22.0 Ithaca CARES About Re‐opening Child Care NY, Inc. 10,000.00 2,022.61 80% complete 23.0 Aid for Immigrants During COVID‐19 Catholic Charities 10,879.00 0.00 100% ok 24.0 DICC Child Care Center Re‐Opening Assistance28 DICC 43,075.00 17,475.00 59% complete 25.0 COVID‐19 Emergency Assistance Program27 The Salvation Army Assistance 5,000.00 0.00 100% complete 26.0 COVID‐19 Testing for Vulnerable Populations The REACH Project 20,000.00 0.00 100% ok 27.0 Security Deposits for Safer Housing Catholic Charities 25,000.00 6,083.00 76% canceled Advocacy Center of Tompkins County 28.0 On Call Office Subdivision27 5,720.00 0.00 100% ok 29.0 Health & Wellness: Smoothies, Food Services & Yoga Black Hands Universal, Inc. 18,001.60 3,813.19 79% NO 30.0 Online Market Discounts for LMI/SNAP Customers Ithaca Farmer's Market 19,068.00 15,954.46 16% canceled 31.0 HVAC Upgrade24 St.John's Community Services 0.00 0.00 0% ok 32.0 GIAC Youth Programming GIAC 175,000.00 175,000.00 0% ok 33.0 Community Outreach Worker28 City of Ithaca 82,000.20 82,000.20 0% 2019 COVID CDBG Unallocated22, 24, 27, 28 7,020.00 7,020.00 N/A Total 915,181.00 367,628.08 60% 2020 CDBG Activities complete 1.0 Small Repair Program INHS 32,500.00 0.00 100% complete 2.0 Founder's Way For‐Sale Townhomes INHS 27,555.84 0.00 100% complete 4.0a Security Deposit Asst Delivery Catholic Charities 2,500.00 0.00 100% NO 5.0 ReUse Job Skills Training & Employment Connections Finger Lakes ReUSe 75,000.00 55,346.54 26% complete 6.0 Work Preserve Job Training Historic Ithaca, Inc. 67,500.00 0.00 100% ok 7.0 Hospitality Employment Training Program GIAC 75,000.00 24,922.23 67% ok 8.0 Reimagining Ithaca Community Gardens Project Growing Hope 25,150.00 4,986.79 80% complete 9.0 Food Pantry Mechanical Dock Leveler TCA 14,470.00 0.00 100% complete 10.0 ADA Curb Ramps at West Village/Elm St Bus Stop IURA 11,000.00 0.00 100% Center For Community NO 11.00 GO ITHACA Low‐Income Support Transportation 12,200.00 12,200.00 0% complete 12.0 2‐1‐15 Human Services Coalition 20,000.00 0.00 100% 20 complete 13.0 Work Preserve: Job Readiness Historic Ithaca, Inc. 20,000.00 0.00 100% complete 14.0 Immigrant Services Program Catholic Charities 30,000.00 0.00 100% complete 15.0 2020 CDBG Admin13, 16 IURA 136,524.00 0.00 100% ok Economic Development Loan Fund12, 16 IURA 255,828.01 85,641.06 67% 20 2020 CDBG Unallocated 0.00 0.00 N/A Total 805,227.85 183,096.62 77% 2020 HOME Activities ok 2.0 Founder's Way For‐Sale Townhomes12, 15 INHS 172,344.16 1,000.00 99% ok 3.0 Northside Apartments Cayuga Housing Dev Corp 90,877.94 90,877.94 0% ok 4.0 Security Deposit Asst For Vulnerable Households4, 12, 15, 19 Catholic Charities 76,416.48 2,225.00 97% complete 16.0 2020 HOME Admin13 IURA 33,509.90 0.00 100% 2020 Home Unallocated12, 15, 19 0.00 0.00 N/A Total 373,148.48 94,102.94 75% Page 1 of 3  IURA Grants Summary December 2022 ON TOTAL TOTAL SCHEDULE HUD ENTITLEMENT ACTIVITIES SPONSOR BUDGET UNEXPENDED % SPENT 2021 HOME Activities ok 24.0 HOME‐ARP Admin IURA 60,596.45 48,251.24 20% Total 60,596.45 48,251.24 20% 2021 CDBG Activities ok 2.0 Homeowner Rehab INHS 42,850.00 42,850.00 0% ok 3.0 Minor Repair Program INHS 33,475.00 16,080.98 52% ok 7.0a Security Deposit Asst Delivery Catholic Charities 2,500.00 1,875.00 25% canceled 8.0 ReUse Job Training for Career Pathways22 Finger Lakes ReUse 0.00 0.00 100% 6 ok 9.0 Work Preserve Job Training Historic Ithaca, Inc. 67,500.00 27,487.28 59% ok 10.0 Hospitality Employment Training Program GIAC 100,643.06 100,643.06 0% ok 11.0 Great Neighbor & Essential Resource Ithaca Community Gardens, Inc. 41,200.00 32,611.00 21% NO 12.0 Urban Bus Stop Upgrade Project TCAT 17,100.00 17,100.00 0% ok 13.0 New Gym Renovations GIAC 100,000.00 100,000.00 0% complete 14.0 2‐1‐16 Human Services Coalition 25,000.00 0.00 100% ok 15.0 Work Preserve: Job Readiness Historic Ithaca, Inc. 20,000.00 11,840.31 41% ok 16.0 Immigrant Services Program6 Catholic Charities 30,000.00 7,500.00 75% 23 complete 17.0 A Place to Stay Catholic Charities 15,000.00 0.00 100% complete 22.0 2021 CDBG Admin IURA 138,158.60 0.00 100% ok Economic Development Loan Fund IURA 160,000.00 88,192.35 45% 2021 CDBG unallocated22, 23,25 3,017.60 3,017.60 N/A Total 793,426.66 449,197.58 43% 2021 HOME Activities complete 1.0 110 Auburn Street Homeowner Project INHS 24,999.00 0.00 100% ok 2.0 Homeowner Rehab INHS 57,170.80 44,104.86 23% ok 5.0 511 S. Plain Street For‐Sale Duplex21 INHS 77,850.00 1,000.00 99% NO 6.0 Housing Scholarship Program2 The Learning Web 75,600.00 75,600.00 0% ok Security Deposit Asst for Vunerable Households Catholic Charities 74,000.00 62,893.38 15% complete 23.0 2021 HOME Admin IURA 33,471.50 0.00 100% 2021 Home Unallocated21 11,124.00 11,124.00 N/A Total 354,215.30 194,722.24 45% 2022 CDBG Activities ok 2.0 Homeowner Rehab INHS 136,123.31 136,123.31 0% ok 3.0 Minor Repair Program INHS 40,000.00 40,000.00 0% ok 6.0a Security Deposit Asst Delivery Catholic Charities 2,500.00 2,500.00 0% ok 7.0 Green Job Opportunities Through ReUse Training Finger Lakes ReUse 61,934.65 61,934.65 0% ok 8.0 Work Preserve Job Training Historic Ithaca, Inc. 67,500.00 67,500.00 0% ok 9.0 Hospitality Employment Training Program GIAC 50,000.00 50,000.00 0% ok 10.0 Catholic Charities Building INHS 66,170.44 66,170.44 0% ok 11.0 West End Pedestrian Improvements City of Ithaca 55,000.00 55,000.00 0% ok 12.0 2‐1‐1 Information & Referral HSC 20,000.00 20,000.00 0% ok 13.0 Job Readiness Historic Ithaca, Inc. 20,000.00 20,000.00 0% ok 14.0 Immigrant Services Catholic Charities 30,000.00 30,000.00 0% ok 15.0 GIAC Computer Lab GIAC 10,689.96 10,689.96 0% ok 16.0 Pre‐Apprentice Program Work Services Black Hands Universal 12,000.00 12,000.00 0% ok 18.0 2022 CDBG Admin IURA 126,666.60 126,666.60 0% complete 20.0 FLRU Job Retention Finger Lakes ReUse 98,025.60 0.00 100% ok Economic Development Loan Fund IURA 50,000.00 50,000.00 0% 2022 CDBG unallocated 5,350.00 5,350.00 N/A Total 851,960.56 753,934.96 12% 2022 HOME Activities ok 1.0 215 Cleveland Ave. For‐Sale Home INHS 50,000.00 50,000.00 0% ok 2.0 Homeowner Rehab INHS 12,517.50 12,517.50 0% ok 4.0 Aurora Street & Morris Ave. Revitalization Habitat for Humanity 70,000.00 70,000.00 0% ok 5.0 Sears Street Development INHS 92,140.40 92,140.40 0% ok 6.0 Security Deposit Asst for Vunerable Households Catholic Charities 74,000.00 74,000.00 0% ok 19.0 2022 HOME Admin IURA 31,682.50 31,682.50 0% 2022 Home Unallocated21 0.00 0.00 N/A Total 330,340.40 330,340.40 0% Total Unexpended Funds Unexpended CDBG Entitlement Funds (Excludes CDBG‐CV Funds) 1,179,334.56 Unexpended CDBG Program Income Committed to Action Plan Activities 208,192.35 CDBG Revolving Loan Fund Balance (#02 Bank Balance excluding interest) 166,785.63 Unexpended HOME Entitlement Funds 668,477.52 Unexpended HOME Program Income 0.00 HOME Program Income Unassigned 0.00 Unexpended HUD Funds (Excluding CV Funds) 2,014,597.71 Unexpended CDBG‐CV Funds 353,982.52 Expended CDBG‐CV Funds 622,131.23 Unexpended CDBG‐CV Program Income 13,645.56 Unexpended COVID‐19 Funds 367,628.08 Total Unexpended HUD Funds 2,368,580.23 Page 2 of 3  IURA Grants Summary December 2022 ON TOTAL TOTAL SCHEDULE HUD ENTITLEMENT ACTIVITIES SPONSOR BUDGET UNEXPENDED % SPENT 1.5 CDBG Spend Down Ratio Analysis (must be less than 1.5 by June 1st of each year): CDBG Spend Down Ratio = total unexpended CDBG funds/most recent annual CDBG award Most Recent Annual CDBG Award: 633,333 1.5 x Most Recent CDBG Award: 950,000 Current Unexpended CDBG Funds: 1,346,120.19 Current CDBG Spend Down Ratio: 2.1255 Compliance With 1.5 CDBG Spend Down Ratio: NO Amount Required to be Expended by 6/1 to Meet CDBG Spend Down Ratio: 396,120.69 CV Spend Down Ratio Analysis (80% of funds must be spent within 3 years (by 7/22/2023)): CV Spend Down Ratio = total expended CV funds/total CV award Current CV Spend Down Percentage: 71.16% Compliance With 80% CV Spend Down Ratio: NO Page 3 of 3  LOAN REPAYMENTS DUE TO IURA December 2022 ec 'd Fina Py rig lD on Lo e m in th St tR Lo al an Ye D ue at Py y m Pa B an al at at O ar % e M t id anc us D e Entitlement Loans Diane's Downtown Auto-revised 5/3/12 $ 80,000 2006 2026 4 $ 449.85 $ 449.85 $ 18,382.34 Current 12/1/2022 Cedar Creek(90K HOME/10K HODAG)2 $ 100,000 2008 2038 5 N/A N/A $ 199,916.42 Int. only pmts. due subject to cash flow N/A Breckenridge Place $ 400,000 2012 2053 1 4,000.00 $ - $ 533,057.07 Int. only pmts. due subject to cash flow 05/05/22 TOTAL ENTITLEMENT LOANS $ 580,000 $ 4,449.85 $ 449.85 $ 751,355.83 CD-RLF Ithaca Coffee Roasting Facility $ 100,000 2013 2034 2.5 $ 537.42 $ 537.42 $ 63,475.69 Current 12/14/2022 210 Hancock6 $ 120,000 2016 2048 3.5 $ 565.87 $ 565.87 $ 113,034.19 Current 12/2/2022 Tompkins Community Action (Harriet Giannelis) $ 84,200 2018 2039 2.5 $ 440.54 $ 881.08 $ 70,537.69 Past Due - owes December 2022 12/1/2022 Tompkins Community Action Relocation Loan $ 90,960 2018 2029 2.5 $ 857.48 $ 1,714.96 $ 60,213.17 Past Due - owes December 2022 12/1/2022 Scattered Site Preservation $ 160,000 2018 2051 2 $ - $ - $ 136,821.71 Int. only pmts. due subject to cash flow N/A TOTAL CD-RLF LOANS $ 555,160 $ 2,401.31 $ 3,699.33 $ 444,082.45 CD-RLF Priority Business State Theatre1 $ 458,500 2009 2029* 2 $ 1,741.96 $ 1,741.96 $ 304,719.28 Current 12/1/2022 Liquid State Brewing Company $ 70,000 2017 2025 2.5 $ 975.54 $ 975.54 $ 25,460.65 Current 12/1/2022 Urban Core $ 200,000 2017 2038 2.5 $ 1,068.43 $ 1,068.43 $ 166,777.84 Current 12/1/2022 Home Cooking $ 100,000 2021 2028 3.5 $ 1,343.99 $ 1,343.99 $ 82,757.02 Current 12/1/2022 Past Due - owes interest only pmts for Oct., Nov., & Dec. Sons of Susan, LLC (Personal Best Brewing) $ 140,000 2022 2028 3.5 $ 251.38 $ - $ 90,020.20 2022 N/A GreenStar Coop $ 400,000 2019 2029 3.5 $ 3,955.43 $ 3,955.43 $ 309,657.23 Current 12/1/2022 TOTAL CD-RLF PRIORITY BUSINESS $ 1,368,500 $ 9,336.73 $ 9,085.35 $ 979,392.22 CDBG 210 Hancock6 $ 130,404 2016 2048 2 $ 3,772.00 $ - $ 134,821.19 Int. only pmts. due subject to cash flow 5/5/2022 Non-CDBG Ithaca Downtown Assoc (Canopy Hotel)4 $ 1,375,000 2016 2037 3.05% $ 7,660.18 $ 7,660.18 $ 1,130,226.70 Current 12/2/2022 324 Buffalo St. Loan $ 110,000 2021 2036 2.50% $ 508.30 $ 508.30 $ 104,885.63 Current 12/1/2022 107-109 South Titus $ 578,555 2020 2035 2.50% $ 2,294.57 $ 2,294.57 $ 551,777.08 Current 12/1/2022 TOTAL NON-CDBG $ 2,063,555 $ 10,463 $ 10,463.05 $ 1,786,889 HODAG Breckenridge Place $ 600,000 2012 2043 2 $ 2,217.72 $ 2,217.72 $ 456,037.74 Current 12/1/2022 TOTAL HODAG LOANS $ 600,000 $ 2,217.72 $ 2,217.72 $ 456,037.74 HOME Stone Quarry Apartments, LLC3 $ 370,000 2014 2045 2 N/A $ - $ 385,172.75 Int. only pmts. due subject to cash flow 5/4/2021 210 Hancock6 $ 206,923 2017 2047 2 8,360.00 $ - $ 209,411.62 Int. only pmts. due subject to cash flow 5/5/2022 No accrued interest or pmts due in construction period - up to 2 Founder's Way $ 199,900 2021 2053 1 N/A N/A $ 198,900.00 years N/A Cayuga Flats $ 100,000 2020 2070 0 N/A N/A $ 101,084.16 Int. only pmts. due subject to cash flow N/A TOTAL HOME $ 876,823 0.00 $ 894,568.53 TOTAL IURA LOAN PORTFOLIO $ 6,174,441 $ 28,868.66 $ 25,915.30 $ 5,447,147.37 Agrees to Balance Sheet for December 2022 Notes Agrees to M&T loan Statement for December 2022 1. State Theatre's loan was extended/balloon payment now due in March 2030 2. Cedar Creek's first Interest Only payt. due 1/1/11 - yearly payt. subject to available cash flow 3. Permanent phase for Stone Quarry began 11/1/2015. Permanent phase interest rate is 2%. 4. Canopy Hotel closed on 8/10/2016. Interest only pmts were due for the first 15 months. Interest rate is adjustable every five years. P&I payments began 1/1/2018. 5. 210 Hancock CDBG & HOME loans-permanent phase (commenced 12/1/2017) interest rate 2% (compounded annually); Annual payment subject to cash flow. 6. Urban Core Loan was disbursed 8/29/2017 for closing on 8/30/2017. First 6 months Interest Only payments due began 10/1/2017. Interest Rate 3.5%. P&I payments began April 2018. 7. Scattered Site Preservation Loan-Per original promissory note dated 5/16/2018 payments were not due and interest did not accrue in the construction phase. Promissory note was amended 11/15/2019 to include the accrual of interest @ 2% (compounded annually) during the construction phase. Permanent phase commenced 12/1/2021. In permanent phase pmts are subject to cash flow. Interest will accrue at 2% and compound annually. 8. Cayuga Flats-Permanent phase commenced 12/1/2021. During permanent phase 1% interest only payments will be due each anniversary of the permanent loan commencement date. Interest will compounded annually and payment will be subject to cash flow. Payments were not due and interest did not accrue in the construction phase. 9. Term for the 107-109 S.Titus Loan is 15 years but the loan is amortized over 30 years. The 15 year term includes 2 months of interest only pmts. A balloon pmt of principal & interest is due at the end of year 15 (10/1/2035). 10. Term for the 324 Buffalo St. is 15 years but the loan is amortized over 24 years. A balloon pmt of principal & interest is due in 2036 for approx. $49,518.74.  LEASE PAYMENTS DUE TO IURA December 2022 Q Fe ate on ua e Pa La th rt Ye us yt st Fe ly er Fe ly ar .R Project M e e ly Stat D ec 'd Cherry Street Industrial Park Evaporated Metal Films Yearly Maintenance Fee - July $ 236.80 Current - Property sold 10/27/2022 8/23/2022 Precision Filters Yearly Maintenance Fee - July $ 375.00 Current - Property sold 10/27/2022 7/11/2022 Cayuga Green Allpro Parking - air rights lease Monthly Lease $ 3,040.50 Past Due - owes December 2022 12/28/2022 (rate change 1/1/2022) Cayuga Green-Parcel A ground floor Monthly Lease-rate change on 2/1/2021 $ 7,140.70 Current 12/6/2022 . Cinemapolis Monthly Lease-rate change on 5/1/21 $ 3,494.25 Current 12/6/2022 Qrtly Maint Fee- Jan., April, July, Oct. $ 309.21 Current 10/14/2022 (Maint Fee rate change on 7/1/21) Other Leases Southside Community Center-RIBS Monthly Lease -New rate 7/1/21 $ 474.74 Current 7/14/2022 Farmer's Market/Steamboat Landing Quarterly Lease - June, Aug., Oct., Dec. $ 9,001.00 Current 12/6/2022